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Latest Stock Market Updates

JPMorgan Chase Hires Chris Mihok to Lead Banking Sector Advisory Team

Key Points: JPMorgan Chase recruited Chris Mihok from Keefe, Bruyette & Woods to serve as a managing director for its financial institutions group. Mihok will officially start his new role in early July and report directly to North America bank leaders Clay Robinson and Andrew Spicehandler. The Wall Street giant recently advised British firm Schroders on its massive $13.4 billion sale to United States asset...

Jim Cramer Urges Investors to Keep Faith in Meta After Spending Spike

Key Points: Meta Platforms saw its stock drop over 9% after announcing a massive increase in future technology spending. The social media giant raised its capital expenditure budget by $10 billion to fund artificial intelligence projects. Jim Cramer reminded investors that Meta successfully bounced back from a similar spending crisis in 2022. Despite the stock drop, Meta beat financial expectations and showed strong growth in...

Blue Owl Scores Massive Profit Selling Half Its SpaceX Stake

Key Points: Blue Owl sold exactly half of its SpaceX shares at a $1.25 trillion valuation. The alternative asset manager secured a massive 10 times return on its original investment. SpaceX plans to launch a record-breaking public stock offering later this year to raise $75 billion. The upcoming public listing could elevate SpaceX founder Elon Musk to the status of the world's first trillionaire. New...